Thursday, December 3, 2020

Monthly Archives: August, 2004

Establishing a Customs Bonded Warehouse (CBW)

UNDER Section 1901 of the Tariff and Customs Code of the Philippines (TCCP) and Customs Administrative Order No. 2 - 1991 (CAO 2-91), the...

Understanding the 13 Incoterms

Two weeks ago, we wrote on the implication of Incoterms in the customs valuation of imported goods. As a sequel, the following article enumerates...

Neptune Orient Lines celebrates its first 35 years

SINGAPORE Prime Minister Goh Chok Tong recently celebrated the first 35 years of his former company, Neptune Orient Lines - launching a book telling...

PSAA Marks 30th Anniversary

THE Philippine Ship Agents Association (PSAA) last week marked its 30th anniversary with a cocktail party held at the Manila Polo Club. Present during...

‘K’ Line’s Local Arm Sees 15% More Revenues

NEWLY LAUNCHED "K" Line Philippines expects a 15% increase in revenue for 2004 on the back of the country's strong export performance and continuing...

Sea, Air Port Fees to Be Rationalized

THE Department of Transportation and Communications (DOTC) will undertake tariff reforms, including the rationalization of airport and seaport fees and other charges, to help...

AISL chief: Freight Rate Recovery to Continue

THE freight rate recovery on all trades is showing no signs of abating, according to Association of International Shipping Lines (AISL) president Octavio Katigbak. He...

ATI looking at Extra Fees Because of ISPS

Asian Terminals Inc. (ATI) is planning to discuss with the Philippine Ports Authority (PPA) the possible imposition of extra charges once the total cost...

New Overseas Shipping Law Gets Industry Approval

OVERSEAS shipping operators expressed approval over Republic Act 9301 or the new Philippine Overseas Shipping Development Act signed last week by President Gloria Macapagal-Arroyo. An...

Incoterms and its Implication on Customs Valuation

Scenario. AutoHaus Germany (AG) is a global manufacturer of luxury vehicles. It recently shipped 50 completely built units (CBUs) of OPRA 242 to Autohaus...

Most Read

BOC-NAIA seizes 28 kilos of rare agarwood worth P2.4M

  Bureau of Customs intercepted in Pasay City three packages containing 28 kilos of agarwood with an estimated street value of P2.4 million All...

Industry expert pushes multimodal transport in ASEAN for cost savings

Multimodal transportation offers reduced costs, saves time and improves shipment monitoring during transit Dealing with customs transit/transshipment procedures of countries a multimodal transport challenge Multimodal...

PH, Indonesia to ink Halal trade deal

The Philippines and Indonesia are set to sign a memorandum of understanding (MOU) on Halal cooperation that will facilitate trade of Halal-certified goods...

Bellyhold shortage hampers Asia’s air cargo market recovery

Regional carriers transported 13% less cargo in October year-on-year even as global business conditions continued to improve Air cargo traffic held back by...